Investigation into illegal crypto exchange in Astana ends with turnover of about $745,000

The Kazakh Financial Monitoring Agency (AFM) has completed the investigation into illegal entrepreneurial activity in the field of digital asset exchange on a large scale.

According to case materials, the suspect, for a fee, offered crypto-exchange services, advertising them via Telegram. He worked with individuals, including non-residents.

In total, from February to July the defendant sold USDT worth more than 342 million tenge (~$745,000).

Earlier in 2023, the Kazakh Financial Monitoring Agency halted the activities of 980 illegal platforms for cryptocurrency exchange.